Aparna RMC plans to capture 5% share in RMC market

Aparna Enterprises, India's fastest-growing building materials manufacturer, announced its entry into the burgeoning Mumbai ready-mix concrete (RMC) market with Aparna RMC. The company plans to set up seven RMC plants in the city to capture 5% of the total market share in Mumbai, with two plants already set up in Malad and Thane. Moreover, Aparna RMC plans to expand to other cities in Maharashtra, including Nagpur and Pune.Aparna RMC’s strategic foray into the city is driven by a rapidly growing infrastructure requirement and to tap into the gaps of the housing construction segment. As more development and re-development projects emerge in Mumbai and its suburbs, the company plans to set up more plants in a 20-kilometre radius to enable better logistics and reach. In the near-term, Aparna RMC is looking at setting up seven RMC plants in South Mumbai, Kalyan, Panvel, and Mira Road with a targeted production capacity of nearly 5 lakh cubic metres per year.Speaking about the growth opportunity for the organisation, Mr. Ashwin Reddy, Managing Director of Aparna Enterprises Ltd., said, “We are excited to enter the Mumbai market as part of our aggressive growth plans to expand throughout India. Mumbai is an opportune market for us due to the rapidly expanding infrastructure and housing construction sectors. The city's status as a financial hub, affordable housing initiatives, rising re-development projects, and growth of businesses offer a vital opportunity to chart our growth. We are confident that with Aparna Group’s strong legacy and Aparna RMC’s experience of close to two decades, we are well-prepared to tap the Mumbai market.”At present, Aparna RMC has an annual concrete production capacity of 15 lakh cubic metres throughout India and is slated to increase its total capacity by 60% in FY 2025 to 24 lakh cubic metres. Its strategic foray and aggressive expansion plans in Maharashtra is expected to enhance this growth by targeting opportunities in residential, commercial, and infrastructure segments.Elucidating on the opportunities for the RMC division in Mumbai, Mr. Ashwin Reddy added, “The RMC market in Mumbai has a capacity of 120 lakh cubic metres per year, and we plan to supply 5 lakh cubic metres annually with our efficient operational experience in the RMC industry. Importantly, we are equipped to offer up to M 100 grade concrete for our clients.”